Jan 20

What’s the max you can contribute to Roth IRA, 401, 403B, and traditional IRAs?

My husband and I contribute to all of those in my question, but I’m not sure what the max is we can contribute all together.

bigtalltom Said on January 20th, 2010 at 10:39 pm:

The max for an IRA is 5,000 per year (just went up this year)

401(k) I’m not sure, but it is well over 10K a year
steve Said on January 20th, 2010 at 11:09 pm:

401k is $15,500 under age 50. IRA is $5k/yr under age 50, $6k/yr over 50.
efflandt Said on January 20th, 2010 at 11:51 pm:

In addition to what steve says, catch up for 401(k) if age 50 or over is $5000, so whoever has that could contribute up to $20,500 if 50 or older. However, it may be less than $15,500 (or $20,500) if there is an anti-discrimination limit (due to average participation). The HR dept. at the employer would have to tell you if that applies.

The $5000 (or $6000 age 50 or older) is the total contributions for any IRA type per person (ie, total of regular and Roth IRA).

403(b) is more complicated. The limit appears to be the lower of $45,000 or full year compensation.

Roth IRA, Traditional IRA, 401K